St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-09-30
On the Chicago Board of Trade the
Market Was Almost Purely
Local,
However, There We're Numerous .Flue-
tuations Caused by Free Specu-
lative Offerings.
Transactions in the Financial Circles
of Wall Street.-The Gen
eral Quotations.
Special to the Gloue.

December at 73Ac and May at 7Sl2c. A
downward tendency developed and prices
sagged just a trifle, but good buying orders
checked the decline right at the start and
turned the current the other way, though no
advance of consequence was established.
Corn was firm, with an upward tendency to
values. November advanced from 42sS@
42s4c TO 427sc within five minutes, and May
was strong at 1859. Provisions opened
quietly and tamely with January pork quoted
at S12.45 and January ribs at $3.50.
Out of nearly seven cars of spring and winter
wheat received here yesterday only five ears
inspected as No. 2. Information from Min
neapolis and Duluth is received that the great
bulk OF receipts at those points show up
poorly. TIL country is pushing its wet and
damaged wheat on the market because it
must be sold quickly if at ell. The mixers
and doctors are at work on the grain at those
places, and here too for that matter, working
all they can of it mp to grade. Receipts at
Minneapolis last week were about 400, 900
bushels i'll excess of milling consumption
and shipments, but the visible supply state
ment shows Il decrease in stocks. The 400,-
600 bushels will be out of the hospital sooner
~orlater. 1t is about time that some of the
sick wheat is beginning TO appear
in the visible. The crowd played
for a break in wheat this morning, but it did
not come. TIL statistical situation is so
very favorable TO the bulls that money is be-
ginning to be attracted to wheat as an in
IT promising profit, and the support
the market is receiving from that quarter is
greater than the bears and short sellers cal
eulated upon. The market is unquestion-
ably broader than it has been at any time
since the collapse of the lamented June
corner.
THE RECEIPTS
at primary points do not loom up as antici-
pated. At ST. Louis arrivals are penching
out. Apparently that town was flooding its
correspondents here with bear dispatches
and at the same time covering its short
wheat. Purchases for st. Louis account this
forenoon were by no means an unimportant
factor in sustaining values. Public cables
were steady, and private advices were weak
on wheat and strong on corn.
The foreign markets are following Chicagot to
a considerable extent, but they go dow hill
farther than they do up hill. Liverpool al
ways beats Chicago on a down turn. After
the failure of the local market to break after
the opening the temper of the crowd under
went a change and turned bullish. On a
light trade the market advanced somewhat,
but the tone was not one of strength particu-
larry, and whenever Il selling order of above
an average size was executed values ragged.
II llduS1S diNl JOl CSDCCIulIy dlAlOuS
to buy, but TO favor the long
side. The fluctuations were within
narrow limits. October ranged 7u34@7Ilsc
December 734@73s4c and May 7SIaG79c,
AT the afternoon session wheat sold up half
a cent on rumors of cables regarding the
English market. Corn was firm and higher
and large charters. Provisions were also
higher. $50 p. m. prices: Wheat-Sep-
TENDER, 71la@715Sc; october, 71l2@71Ssc;
December, 74lS@744c; May, 79A@19Ssc.
Corn-September. 43c: October, 43c; Deem
Der, 42s4c; May, 455sc. oats-September,
26c; Octocer, 257s@26c; May, Doe. Pork
Year, S12.1O; January, S12.47A. Lard
September, $3.50; October, $3.50; Deem
Der, S6.45; May, $3.50. Short Ribs-Sep-
TENDER, $40; october, S7.75.
THE ROUTINE REPORT.
CHICAGO, Sept. 29.-No one had anything
TO say about wheat to-day, except to surmise
buying it. Running through the whole ses-
sion there was an absence of interest, which
left the market purely a local one. There was
at times however, a brisk local demand, and,
on the whole, 4 good days business was
transacted, and the feeling was rather firm.
The opening was tame, Influenced some by
the more quiet tone of European advices and
the reported decline in California wheat.
But there appeared to be good buying at the
decline, which resulted in developing a
stronger tone, and prices were advanced s4@
SSC. CuOTlS CONeIcu pretty freely, diQ IDefG
was a fair buying from other sources. At
the same time each up-turn in prices brought
out rather Tree speculative offerings
which caused numerous fluctuations, prices
receding somewhat. The receipts at twelve
were smaller, aggregating $4,000 bu,- and
shipments were larger, aggregating 53l 600
Blu. October opened at 71c, ranged 7034@
7l5sc and closed at 7112@715sc. May opened
at 7S1sc, ranged 7Sss@795sc, and closed at
T9s4c. Corn developed more strength to-day,
closing, at 2:30 p: M, l2c higher for near de-
Hveries and showing Il net gain of lSc for
May. Receipts were less than anticipated
253 cars, and estimated arrivals for to-mor-
row 500 cars. Lake engagements were I'M
usually large, aggregating 5S0,000 blu. Dur
ing the early part of the session there were
signs of weakness, but at no time were prices
below the closing figures of Wednesday.
October opened at 1850. sold at 42sSc, then
p to 42a4c, reacted lsc, but closed at 45c
day; declined with slight fuctua-
tons to 455se, but advanced and
finished at 1850. Shere was a good demand
for September oats, but that option was not
to he readily had. Arrivals are considerably
smaller than they were earlier in the week.
All futures except May show an advance of
1sc. Provisions received a slight set back to-
day, there being too many hogs received,
which caused a. decline in prices. This had
a depressing effect on holders and caused
them to sell more freely than buyers were
disposed to take. A decline of 10 to 12lac
in pork, 2l2c in lard and 5@7lac in short
ribs enSued, from which the recovery was
only partial, except in lard. The final quo
tations for January which was the fayorite
speculative future, were at exactly yester-
days close for lard, sc lower for pork and
2l2c lower for short ribs.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. 2 September, 7O7sc, closing at
71l2c: October, Tic, closing at 71I2c: De-
closing, at 794c; Corn-No. 9, September
427sc, closing at 43c; october, 1850, closing
at 43c; November, 1850, closing at 427sc:
May, 457sc. closing at 457sc. Oats-No. 2
255se, closing at 255se; November.
at zoe; Mess pork, per bbl-Year, opened
sia4 81; I 5a9dpar Yer S1 q jbs-s siUsing at
S6.47l2, closing at $3.50; October, 'S6.47l2,
closing at $3.50: January. $3.50, closing at
SS,52l2; May $3.50; closing at $3.50.
s7'75, Closing at SIS :'SP oe,ober,'
gary, s6;25, closing at se.s5.
firm and unchanged; No. 2 spring wheat,
709@71c; No. 3 spring wheat, nominal; No.
2 red, a3l4c: No; 2 corn, 42ssc; No. 2 oats,
25A@26c; No; rye; Csc; No. 2 barley.
othy seed, 1928 mess pork, per Dbl, SIS;
lard, per 100 lbs, $3.50; short ribs sides
lo9sel, $40; dry sailed shoulders, (boxed,)
5. 25@5.30; short clear sides Cboxed), SS.15
@s.2S;. whisky, distillers' finished goods,
per ga, $1.1O; sugar, cut loaf, 67s@7c;
graduated, 6l2c asked; standard "A 6Ac
asked. Receipts-Flour, q, 900 bbls; wheat,
$4,000 bu; corn, 21e.O 900 Blu; oats, PIC, 900
bu; rye. 1000 blu; barley, IS. 600 bu. Ship
~ments-Flour, 1000 bbls; wheat, 81 600
bu; corn, Fl 600 bu; oats, 10000 bu;
barley, At blu. On the produce exchange
to-day the butter market was firmer; cream
cry, 16@24c; dairy, 15@19l2c. Eggs, frmer:
flesh Northern, 17@17c.